Determine the book value per share of common stock

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Question - Shown below is information relating to the stockholders' equity of Silver Waste Management at December 31, 2019:

8% preferred stock, $150 par, 10,000 shares authorized and 6,000 issued $ 900,000

Common stock, 500,000 shares authorized 400,000 shares issued $2,600,000

Additional paid-in capital: preferred stock $132,000

Additional paid in capital: common stock $2,970,000

Retained earnings $1,551,000

Treasury stock, 20,000 shares ?

Total stockholders' equity $10,000,000

Required - Determine each of the following. Show all calculations.

a) The par value of the common stock.

b) The cost per share of the treasury stock held.

c) The total amount of paid-in capital.

d) The average price per share at which Silver's preferred stock was issued.

e) The book value per share of common stock.

f) The total amount the company would need in retained earnings to pay a full annual preferred stock dividend PLUS an equivalent amount to common shareholders as of 12/31/19.

Reference no: EM132669406

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